Ansonborough Housing Corporation

Analysis

Ansonborough Housing Corporation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ansonborough Housing Corporation reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ansonborough Housing Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Angels Place Inc ($1.5m), United Day Care Center ($1.5m) and The National Association for Regulatory Administration ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $238k. At year end it held assets of $7.5m against liabilities of $7.2m, net assets of $273k. It reported 6 employees.